labor secretary under president clinton, as you know. and his new film, "inequality for all," about america's widening income gap is currently in theatres. welcome to both of you. >> thank you. >> let me start with you, jared, the consumer financial protection bureau, some of the recent prosecutions we have seen of banks, including jpmorgan and other civil investigations. are we seeing something of a shift in the way the obama administration is able to combine basically prosecution and regulation to rein in some bank practices? yes. we're seeing something of a shift. the volcker rule, as articulated today, came out of a set of negotiations by a bunch of regulators. actually looks pretty good. and i'm not the only one to say that. believe me, i look at these things with a jaundiced eye. others oh worried it wouldn't be teat enough are writing fairly flattering commentary about it. i do think there is a shift. the big question, though, is whether the oversight function, whether the regulators themselves will effectively implement these rul